Mumbai, June 2 -- The euro area manufacturing sector registered another month-on-month increase in output during May, extending the current run of production growth to three months.
Demand for eurozone goods also showed signs of stabilizing after a sustained period of contraction, while companies were less aggressive with their cutbacks to employment, input purchasing and stocks.
Regarding business sentiment, the latest HCOB survey data showed that firms' confidence rose to its greatest level since February 2022 and was above its historical average.
The HCOB Eurozone Manufacturing PMI, a measure of the overall health of eurozone factories compiled by S&P Global, rose to 49.4 in May, from 49.0 in April, bringing it closer to the 50.0 no-c...